Updated over 10 years ago on .
Why invest?
I have been asked: Will the rental market always be this strong? With real estate recovering will you be able to sustain rent prices where they are?
I strongly believe that although there may be a slight dip, the long term answer is yes!
Due to a higher rate of divorce, increased single parenthood, the over-all delay of marriage, slow wage growth, high debt to income ratios, more stringent mortgage qualification, higher home prices, and a more mobile society investors will continue to see a strong rental market. (is that a run-on sentence?) In addition although three-quarters of new house-holds purchased homes in the 90's fewer the half do now.
According to the Furture Workplace 91% percent of Millennials (born between 1977-1997) expect to stay in a job for less than three years. This means they will be moving, and moving means they will be renting. This is down from the average of 4.4 years in 2012 according to the Bureau of Labor Statistics.
What is your driving long term interest?
The time is now! Don't wait.